Straight through processing for financial services : the complete guide / Ayesha Khanna.

ISBN:

9780124664708

9780080554846

Título:

Straight through processing for financial services : the complete guide / Ayesha Khanna.

Autor:

Khanna, Ayesha.

Autor personal:

Khanna, Ayesha.

Información de la publicación:

Descripción física:

1 online resource (xviii, 244 pages) : illustrations.

Serie:

Complete technology guides for financial services series

Contenido:

Preface -- Acknowledgements -- Chapter 1: The Business Case for STP -- Chapter 2: The Trade Lifecycle -- Chapter 3: Service-Oriented Architecture -- Chapter 4: Industry Standards -- Chapter 5: Connectivity -- Chapter 6: Data Management -- Chapter 7: Reconciliation & Exception Handling -- Chapter 8: Regulatory Compliance -- Chapter 9: Business Continuity -- Chapter 10: Virtualization & Grid Computing -- Appendix: The Securities Industry -- Index.

The business case for STP -- The trade lifecycle -- Service-oriented architecture -- Industry standards -- Connectivity -- Data management -- Reconciliation and exception handling -- Regulatory compliance -- Business continuity -- Virtualization and grid computing.

Nota local:

eBooks on EBSCOhost

Término del tema:

Banks and banking -- Securities processing.

Clearing of securities.

Financial services industry -- Technological innovations.

Formato:

Recursos electrónicos

Acceso electrónico:

Click here to view

Fecha de publicación:

2008

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Resumen

As economic and regulatory pressures drive financial institutions to seek efficiency gains by improving the quality of their trading processes and systems, firms are devoting increasing amounts of capital to maintaining their competitive edge. Straight-Through Processing (STP), which automates every step in the trading system, is the most effective way for firms to remain competitive. According to the Securities Industry Association, the US securities industry will spend $8 billion to implement STP initiatives, and 99% percent of this investment will be made in systems internal to the firm. Straight-Through Processing for Financial Services: The Complete Guide provides the knowledge and tools required by operations managers and systems architects to develop and implement STP processing systems that streamline business processes to maintain competitiveness in the market.

Notas del autor

Ayesha Khanna has been consulting as a senior business analyst for top tier financial services firms, including JPMorgan, UBS, Bank of America Securities, American International Group (AIG), and Depository Trust & Clearing Corporation (DTCC) in New York

Tabla de contenido

Preface	p. xi
Acknowledgments	p. xix
1 The business case for STP	p. 1
1.1 Introduction	p. 1
1.2 Trends in the securities industry	p. 2
1.3 Straight through processing	p. 17
1.5 Summary	p. 19
2 The trade lifecycle	p. 21
2.1 Introduction	p. 21
2.2 Pre-trade	p. 23
2.3 Trade	p. 31
2.4 Post-trade	p. 33
2.5 Post-settlement	p. 44
2.6 Mapping to technology operations	p. 49
2.7 Summary	p. 50
3 Service-Oriented Architecture	p. 51
3.1 Introduction	p. 51
3.2 Service-Oriented Architecture (SOA)	p. 53
3.3 SOA in financial services	p. 63
3.4 Role of the enterprise architect	p. 64
3.5 Summary	p. 66
4 Industry standards	p. 69
4.1 Introduction	p. 69
4.2 Industry standards	p. 70
4.3 Financial technology standards	p. 74
4.4 Using and extending industry standards	p. 87
4.6 Summary	p. 89
5 Connectivity	p. 91
5.1 Introduction	p. 91
5.2 The business requirements	p. 92
5.3 Computer network basics	p. 97
5.4 Connectivity in financial services	p. 102
5.5 Summary	p. 111
6 Data management	p. 113
6.1 Introduction	p. 113
6.2 The current state of affairs	p. 115
6.3 Data management basics	p. 116
6.4 Data management strategy	p. 123
6.5 Types of data	p. 130
6.6 Summary	p. 132
7 Reconciliation and exception handling	p. 133
7.1 Introduction	p. 133
7.2 Reconciliation and trade lifecycle	p. 135
7.3 Reconciliation engines	p. 139
7.4 Exception handling	p. 141
7.5 Summary	p. 145
8 Regulatory compliance	p. 147
8.1 Introduction	p. 147
8.2 Regulatory laws and operational risk	p. 148
8.4 Basel II	p. 155
8.5 Mifid	p. 158
8.6 Regulation nms	p. 162
8.7 Usa patriot act	p. 166
8.8 Synergies between compliance requirements	p. 168
8.9 Summary	p. 170
9 Business continuity	p. 171
9.1 Introduction	p. 171
9.2 Impact of disasters on business	p. 172
9.3 Firm-level business continuity planning	p. 175
9.4 Industrywide business continuity planning	p. 182
9.5 Summary	p. 189
10 Virtualization and grid computing	p. 191
10.1 Introduction	p. 191
10.2 Virtualization and grid computing basics	p. 192
10.3 Applications for the securities industry	p. 197
10.4 Cost, implementation, and issues	p. 201
10.5 Summary	p. 206
Appendix The securities industry	p. 207
A.1 Introduction	p. 207
A.2 The US securities industry	p. 208
A.3 Securities markets	p. 212
A.4 Industry participants	p. 223
A.5 Summary	p. 232
Bibliography	p. 233
Index	p. 239